##### Table of Contents









UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





Form 10-Q


|           |  |                                                                                             
|---------- |  | --------------------------------------------------------------------------------------------
|(Mark One) |  |                                                                                             
|þ          |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934 
|          
|           |  | For the quarterly period ended July 31, 2005                                                
|          
|or        
|          
|o          |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
|          
|           |  | For the transition period
    from           to                                             

Commission File Number 001-13927


CSK Auto Corporation


(Exact name of registrant as specified in its charter)


|                                                                                                 |  |                                         
|------------------------------------------------------------------------------------------------ |  | ----------------------------------------
|Delaware                                                                                         |  | 86-0765798                              
|(State or other jurisdiction of
    incorporation or organization)                               |  | (I.R.S. Employer
    Identification No.)
|                                                                                                
|645 E. Missouri Ave.
    Suite 400,
    Phoenix, Arizona(Address of principal executive offices) |  | 85012(Zip Code)                         

(602) 265-9200


(Registrants telephone number, including area code)


N/A


(Former name, former address and former fiscal year,


if changed since last report)


þ o


þ o


o þ














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TABLE OF CONTENTS


|                                   |  |                                                                                           |    |      |    | 
|---------------------------------- |  | ----------------------------------------------------------------------------------------- | -- | ---- | -- | 
|                                   |  |                                                                                           |    | Page |   
|                                   |  |                                                                                           |    |      |   
|PART I  Financial
    Information
|Item 1.                            |  | Financial Statements (unaudited)                                                          |    |      | 3  | 
|                                   |  | Consolidated Balance Sheets                                                               |    |      | 3  | 
|                                   |  | Consolidated Statements of Operations                                                     |    |      | 4  | 
|                                   |  | Consolidated Statement of
    Stockholders Equity                                        |    |      | 5  | 
|                                   |  | Consolidated Statements of Cash Flows                                                     |    |      | 6  | 
|                                   |  | Notes to Consolidated Financial
    Statements                                            |    |      | 7  | 
|Item 2.                            |  | Managements Discussion and Analysis
    of Financial Condition and Results of Operations |    |      | 17 | 
|Item 3.                            |  | Quantitative and Qualitative Disclosures
    About Market Risk                            |    |      | 26 | 
|Item 4.                            |  | Controls and Procedures                                                                   |    |      | 26 | 
|                                  
|PART II  Other
    Information   
|Item 1.                            |  | Legal Proceedings                                                                         |    |      | 28 | 
|Item 2.                            |  | Changes in Securities, Use of Proceeds and
    Issuer Purchases of Equity Securities      |    |      | 29 | 
|Item 4.                            |  | Submission of Matters to a Vote of Security
    Holders                                   |    |      | 29 | 
|Item 6.                            |  | Exhibits                                                                                  |    |      | 30 | 
|Signature                          |  |                                                                                           | 31 |     
|EX-31.1                           
|EX-31.2                           
|EX-32                             



2



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##### Table of Contents






PART I


FINANCIAL INFORMATION







|        |                     
|------- | --------------------
|Item 1. | Financial Statements

CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED BALANCE SHEETS


|                                                                |                                                                                                                                                                                      |                                            |         |          |             |   |         |          |           | 
|--------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------ | ------- | -------- | ----------- | - | ------- | -------- | --------- | 
|                                                                |                                                                                                                                                                                      | July 31,                                   |         |          | January 30, |  
|                                                                |                                                                                                                                                                                      | 2005                                       |         |          | 2005        |  
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | (In thousands,                             |        
|                                                                |                                                                                                                                                                                      | except share data)                         |        
|                                                                |                                                                                                                                                                                      | (Unaudited)                                |        
|ASSETS                                                         
|Cash and cash equivalents                                       |                                                                                                                                                                                      | $                                          | 18,748  |          |             | $ | 56,548  |         
|Receivables, net of allowances of $3,081 and $670, respectively |                                                                                                                                                                                      |                                            | 71,813  |          |             |   | 73,106  |         
|Inventories                                                     |                                                                                                                                                                                      |                                            | 552,282 |          |             |   | 531,751 |         
|Deferred income taxes                                           |                                                                                                                                                                                      |                                            | 34,638  |          |             |   | 46,263  |         
|Prepaid expenses and other current assets                       |                                                                                                                                                                                      |                                            | 21,224  |          |             |   | 27,260  |         
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | Total current assets                       |         |          | 698,705     |   |         |          | 734,928   | 
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|Property and equipment, net                                     |                                                                                                                                                                                      |                                            | 137,659 |          |             |   | 139,357 |         
|Leasehold interests, net                                        |                                                                                                                                                                                      |                                            | 9,772   |          |             |   | 10,393  |         
|Goodwill                                                        |                                                                                                                                                                                      |                                            | 118,966 |          |             |   | 118,966 |         
|Deferred income taxes                                           |                                                                                                                                                                                      |                                            | 3,089   |          |             |   |        |         
|Other assets, net                                               |                                                                                                                                                                                      |                                            | 38,644  |          |             |   | 38,474  |         
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | Total assets                               |         | $        | 1,006,835   |   |         | $        | 1,042,118 | 
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                               
|LIABILITIES AND STOCKHOLDERS EQUITY                           
|Accounts payable                                                |                                                                                                                                                                                      | $                                          | 215,631 |          |             | $ | 178,444 |         
|Accrued payroll and related expenses                            |                                                                                                                                                                                      |                                            | 54,365  |          |             |   | 51,396  |         
|Accrued expenses and other current liabilities                  |                                                                                                                                                                                      |                                            | 48,381  |          |             |   | 47,982  |         
|Current maturities of long term debt                            |                                                                                                                                                                                      |                                            | 341     |          |             |   | 2,818   |         
|Current maturities of capital lease obligations                 |                                                                                                                                                                                      |                                            | 5,037   |          |             |   | 6,490   |         
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | Total current liabilities                  |         |          | 323,755     |   |         |          | 287,130   | 
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|Long term debt                                                  |                                                                                                                                                                                      |                                            | 417,440 |          |             |   | 477,568 |         
|Obligations under capital leases                                |                                                                                                                                                                                      |                                            | 8,146   |          |             |   | 10,437  |         
|Deferred income taxes                                           |                                                                                                                                                                                      |                                            |        |          |             |   | 6,341   |         
|Other liabilities                                               |                                                                                                                                                                                      |                                            | 44,730  |          |             |   | 46,358  |         
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | Total non-current liabilities              |         |          | 470,316     |   |         |          | 540,704   | 
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|Commitments and contingencies                                   |                                                                                                                                                                                      |                                            |         |          |             |   |         |         
|                                                                | Stockholders equity:                                                                                                                                                                |                                            |         |          |             |   |         |          |          
|                                                                | Common stock, $0.01 par value, 58,000,000 shares
    authorized, 43,780,569 and 45,116,301 shares issued and
    outstanding at July 31, 2005 and January 30, 2005,
    respectively |                                            |         | 438      |             |   |         | 451      |          
|                                                                | Additional paid-in capital                                                                                                                                                           |                                            |         | 424,674  |             |   |         | 446,537  |          
|                                                                | Deferred compensation                                                                                                                                                                |                                            |         | (1,775   | )           |   |         | (1,018   | )        
|                                                                | Stockholder receivable                                                                                                                                                               |                                            |         |         |             |   |         | (10      | )        
|                                                                | Accumulated deficit                                                                                                                                                                  |                                            |         | (210,573 | )           |   |         | (231,676 | )        
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | Total stockholders equity                 |         |          | 212,764     |   |         |          | 214,284   | 
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                      | Total liabilities and stockholders equity |         | $        | 1,006,835   |   |         | $        | 1,042,118 | 
|                                                                |                                                                                                                                                                                      |                                            |         |          |             |  



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CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED STATEMENTS OF OPERATIONS


|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |         |  |   |         |         | 
|------------------------------------------ | ---------------------------- | ------------------------------------- | ------- | ------- | ---------------------- | - | ------- | -------- |  | - | --------- | ------- |  | - | ------- | ------- | 
|                                           |                              | Thirteen Weeks Ended                  |         |         | Twenty-Six Weeks Ended |  
|                                           |                              |                                       |         |         |                        |  
|                                           |                              | July 31,                              |         |         | August 1,              |   |         | July 31, |  |   | August 1, |        
|                                           |                              | 2005                                  |         |         | 2004                   |   |         | 2005     |  |   | 2004      |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|                                           |                              | (In thousands, except per share data) |        
|                                           |                              | (Unaudited)                           |        
|Net sales                                  |                              | $                                     | 419,048 |         |                        | $ | 409,057 |          |  | $ | 816,249   |         |  | $ | 806,111 |        
|Cost of sales                              |                              |                                       | 226,082 |         |                        |   | 214,989 |          |  |   | 443,300   |         |  |   | 423,348 |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Gross profit                               |                              |                                       | 192,966 |         |                        |   | 194,068 |          |  |   | 372,949   |         |  |   | 382,763 |        
|Other costs and expenses:                  |                              |                                       |         |         |                        |   |         |          |  |   |           |         |  |   |         |        
|                                           | Operating and administrative |                                       |         | 160,947 |                        |   |         | 160,498  |  |   |           | 318,830 |  |   |         | 319,210 | 
|                                           | Store closing costs          |                                       |         | 654     |                        |   |         | 561      |  |   |           | 969     |  |   |         | 887     | 
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Operating profit                           |                              |                                       | 31,365  |         |                        |   | 33,009  |          |  |   | 53,150    |         |  |   | 62,666  |        
|Interest expense, net                      |                              |                                       | 8,300   |         |                        |   | 7,966   |          |  |   | 16,870    |         |  |   | 16,580  |        
|Loss on debt retirement                    |                              |                                       | 1,600   |         |                        |   |        |          |  |   | 1,600     |         |  |   |        |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Income before income taxes                 |                              |                                       | 21,465  |         |                        |   | 25,043  |          |  |   | 34,680    |         |  |   | 46,086  |        
|Income tax expense                         |                              |                                       | 8,407   |         |                        |   | 9,779   |          |  |   | 13,577    |         |  |   | 18,007  |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Net income                                 |                              | $                                     | 13,058  |         |                        | $ | 15,264  |          |  | $ | 21,103    |         |  | $ | 28,079  |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Basic earnings per share:                  |                              |                                       |         |         |                        |   |         |          |  |   |           |         |  |   |         |        
|                                           | Net income per share         |                                       | $       | 0.29    |                        |   | $       | 0.33     |  |   | $         | 0.47    |  |   | $       | 0.61    | 
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Shares used in computing per share amounts |                              |                                       | 45,135  |         |                        |   | 46,184  |          |  |   | 45,133    |         |  |   | 46,349  |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Diluted earnings per share:                |                              |                                       |         |         |                        |   |         |          |  |   |           |         |  |   |         |        
|                                           | Net income per share         |                                       | $       | 0.29    |                        |   | $       | 0.33     |  |   | $         | 0.46    |  |   | $       | 0.60    | 
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        
|Shares used in computing per share amounts |                              |                                       | 45,539  |         |                        |   | 46,466  |          |  |   | 45,514    |         |  |   | 46,675  |        
|                                           |                              |                                       |         |         |                        |   |         |          |  |   |           |        



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CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY


|                                                                           |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        |  |   |          |   |  |   |         |  
|-------------------------------------------------------------------------- |  | --------------------------------- | ---------- | - | ---------- | - | --- | -------- |  | - | ------------ | - |  | ----------- | ------ | - | ------- | - | --- | ------ |  | - | -------- | - |  | - | ------- | -
|                                                                           |  | Common Stock                      |            |   | Additional |   |     |          |  |   |              |   |  |            
|                                                                           |  |                                   |            |   | Paid-in    |   |     | Deferred |  |   | Stockholder  |   |  | Accumulated |        |   | Total   |  
|                                                                           |  | Shares                            |            |   | Amount     |   |     | Capital  |  |   | Compensation |   |  | Receivable  |        |   | Deficit |   |     | Equity | 
|                                                                           |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        | 
|                                                                           |  | (In thousands, except share data) |           
|                                                                           |  | (Unaudited)                       |           
|Balances at January 30, 2005                                               |  |                                   | 45,116,301 |   |            | $ | 451 |          |  | $ | 446,537      |   |  | $           | (1,018 | ) |         | $ | (10 | )      |  | $ | (231,676 | ) |  | $ | 214,284 |  
|Exercise of options                                                        |  |                                   | 71,659     |   |            |   | 1   |          |  |   | 727          |   |  |             |       |   |         |   |    |        |  |   |         |   |  |   | 728     |  
|Purchase of call options on common stock, net of tax benefit of
    $9,449 |  |                                   |           |   |            |   |    |          |  |   | (14,591      | ) |  |             |       |   |         |   |    |        |  |   |         |   |  |   | (14,591 | )
|Sale of common stock warrants                                              |  |                                   |           |   |            |   |    |          |  |   | 15,850       |   |  |             |       |   |         |   |    |        |  |   |         |   |  |   | 15,850  |  
|Tax benefit relating to common stock option exercises                      |  |                                   |           |   |            |   |    |          |  |   | 193          |   |  |             |       |   |         |   |    |        |  |   |         |   |  |   | 193     |  
|Restricted stock                                                           |  |                                   | 1,909      |   |            |   |    |          |  |   | 973          |   |  |             | (973   | ) |         |   |    |        |  |   |         |   |  |   |        |  
|Amortization of deferred compensation                                      |  |                                   |           |   |            |   |    |          |  |   |             |   |  |             | 216    |   |         |   |    |        |  |   |         |   |  |   | 216     |  
|Repurchase and retirement of common stock                                  |  |                                   | (1,409,300 | ) |            |   | (14 | )        |  |   | (25,015      | ) |  |             |       |   |         |   |    |        |  |   |         |   |  |   | (25,029 | )
|Recovery of stockholder receivable                                         |  |                                   |           |   |            |   |    |          |  |   |             |   |  |             |       |   |         |   | 10  |        |  |   |          |   |  |   | 10      |  
|Net income                                                                 |  |                                   |           |   |            |   |    |          |  |   |             |   |  |             |       |   |         |   |     |        |  |   | 21,103   |   |  |   | 21,103  |  
|                                                                           |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        | 
|Balances at July 31, 2005                                                  |  |                                   | 43,780,569 |   |            | $ | 438 |          |  | $ | 424,674      |   |  | $           | (1,775 | ) |         | $ |    |        |  | $ | (210,573 | ) |  | $ | 212,764 |  
|                                                                           |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        | 



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CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED STATEMENTS OF CASH FLOWS


|                                               |                                                                                       |                                                            |                                                                 |          |           |         |        |         |         |         |  
|---------------------------------------------- | ------------------------------------------------------------------------------------- | ---------------------------------------------------------- | --------------------------------------------------------------- | -------- | --------- | ------- | ------ | ------- | ------- | ------- | -
|                                               |                                                                                       | Twenty-Six Weeks Ended                                     |                                                                
|                                               |                                                                                       |                                                            |                                                                
|                                               |                                                                                       | July 31,                                                   |                                                                 |          | August 1, |        
|                                               |                                                                                       | 2005                                                       |                                                                 |          | 2004      |        
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|                                               |                                                                                       | (In thousands)                                             |                                                                
|                                               |                                                                                       | (Unaudited)                                                |                                                                
|Cash flows from operating activities:          |                                                                                       |                                                            |                                                                 |          |           |         |        |        
|                                               | Net income                                                                            |                                                            | $                                                               | 21,103   |           |         | $      | 28,079  |        
|                                               | Adjustments to reconcile net income to net cash provided by
    operating activities: |                                                            |                                                                 |          |           |         |        |         |        
|                                               |                                                                                       | Depreciation and amortization of property and equipment    |                                                                 |          | 14,884    |         |        |         | 15,652  |        
|                                               |                                                                                       | Amortization and accretion of financing items              |                                                                 |          | 914       |         |        |         | 940     |        
|                                               |                                                                                       | Amortization of other items                                |                                                                 |          | 2,008     |         |        |         | 2,133   |        
|                                               |                                                                                       | Losses on disposal of property, equipment and other assets |                                                                 |          | 460       |         |        |         | 478     |        
|                                               |                                                                                       | Loss on debt retirement                                    |                                                                 |          | 1,600     |         |        |         |        |        
|                                               |                                                                                       | Tax benefit relating to stock option exercises             |                                                                 |          | 193       |         |        |         | 169     |        
|                                               |                                                                                       | Deferred income taxes                                      |                                                                 |          | 11,644    |         |        |         | 16,187  |        
|                                               |                                                                                       | Change in operating assets and liabilities:                |                                                                 |          |           |         |        |         |         |        
|                                               |                                                                                       |                                                            | Receivables                                                     |          |           | 1,293   |        |         |         | 5,332   |  
|                                               |                                                                                       |                                                            | Inventories                                                     |          |           | (20,531 | )      |         |         | (38,707 | )
|                                               |                                                                                       |                                                            | Prepaid expenses and other current assets                       |          |           | 6,036   |        |         |         | 1,215   |  
|                                               |                                                                                       |                                                            | Accounts payable                                                |          |           | 37,187  |        |         |         | 26,398  |  
|                                               |                                                                                       |                                                            | Accrued payroll, accrued expenses and other current liabilities |          |           | 1,522   |        |         |         | (4,062  | )
|                                               |                                                                                       |                                                            | Other operating activities                                      |          |           | 732     |        |         |         | (265    | )
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|                                               |                                                                                       | Net cash provided by operating activities                  |                                                                 |          | 79,045    |         |        |         | 53,549  |        
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|Cash flows used in investing activities:       |                                                                                       |                                                            |                                                                 |          |           |         |        |        
|                                               | Capital expenditures                                                                  |                                                            |                                                                 | (13,656  | )         |         |        | (14,528 | )      
|                                               | Other investing activities                                                            |                                                            |                                                                 | (702     | )         |         |        | (1,653  | )      
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|                                               |                                                                                       | Net cash used in investing activities                      |                                                                 |          | (14,358   | )       |        |         | (16,181 | )      
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|Cash flows used in financing activities:       |                                                                                       |                                                            |                                                                 |          |           |         |        |        
|                                               | Borrowings under senior credit facility                                               |                                                            |                                                                 | 79,000   |           |         |        | 20,600  |        
|                                               | Payments under senior credit facility                                                 |                                                            |                                                                 | (252,450 | )         |         |        | (21,875 | )      
|                                               | Proceeds from exchangeable senior notes                                               |                                                            |                                                                 | 110,000  |           |         |        |        |        
|                                               | Payment of debt issuance costs                                                        |                                                            |                                                                 | (3,985   | )         |         |        | (892    | )      
|                                               | Payments on capital lease obligations                                                 |                                                            |                                                                 | (3,744   | )         |         |        | (8,975  | )      
|                                               | Proceeds from seller financing arrangements                                           |                                                            |                                                                 | 1,460    |           |         |        | 650     |        
|                                               | Payments on seller financing arrangements                                             |                                                            |                                                                 | (151     | )         |         |        | (101    | )      
|                                               | Proceeds from repayment of stockholder receivable                                     |                                                            |                                                                 | 10       |           |         |        | 8       |        
|                                               | Proceeds from exercise of stock options                                               |                                                            |                                                                 | 728      |           |         |        | 531     |        
|                                               | Repurchase of common stock                                                            |                                                            |                                                                 | (25,029  | )         |         |        | (19,764 | )      
|                                               | Purchase of call options on common stock                                              |                                                            |                                                                 | (24,040  | )         |         |        |        |        
|                                               | Sale of common stock warrants                                                         |                                                            |                                                                 | 15,850   |           |         |        |        |        
|                                               | Other financing activities                                                            |                                                            |                                                                 | (136     | )         |         |        | (156    | )      
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|                                               |                                                                                       | Net cash used in financing activities                      |                                                                 |          | (102,487  | )       |        |         | (29,974 | )      
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|                                               |                                                                                       | Net (decrease) increase in cash and cash equivalents       |                                                                 |          | (37,800   | )       |        |         | 7,394   |        
|Cash and cash equivalents, beginning of period |                                                                                       |                                                            | 56,548                                                          |          |           |         | 37,221 |        
|                                               |                                                                                       |                                                            |                                                                 |          |           |        
|Cash and cash equivalents, end of period       |                                                                                       | $                                                          | 18,748                                                          |          |           | $       | 44,615 |        
|                                               |                                                                                       |                                                            |                                                                 |          |           |        



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CSK AUTO CORPORATION AND SUBSIDIARIES





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Thirteen and Twenty-six Weeks Ended July 31, 2005








|         |                      
|-------- | ---------------------
|Note 1  | Basis of Presentation







|         |                                 
|-------- | --------------------------------
|Note 2  | Recent Accounting Pronouncements





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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)










|         |            
|-------- | -----------
|Note 3  | Inventories





|                                  |  |                 |       |   |                     |   |       |                     |  |   |       |  
|--------------------------------- |  | --------------- | ----- | - | ------------------- | - | ----- | ------------------- |  | - | ----- | -
|                                  |  | July 31, 2005   |       |   | January 30, 2005(1) |   |       | February 1, 2004(1) | 
|                                  |  |                 |       |   |                     |   |       |                     | 
|                                  |  | ($ in millions) |      
|FIFO cost                         |  | $               | 583.9 |   |                     | $ | 564.0 |                     |  | $ | 550.3 |  
|Administrative and overhead costs |  |                 | 42.5  |   |                     |   | 39.8  |                     |  |   | 39.6  |  
|Vendor allowances                 |  |                 | (58.2 | ) |                     |   | (57.4 | )                   |  |   | (60.4 | )
|Shrinkage                         |  |                 | (15.4 | ) |                     |   | (13.1 | )                   |  |   | (13.4 | )
|Obsolescence                      |  |                 | (0.5  | ) |                     |   | (1.5  | )                   |  |   |      |  
|                                  |  |                 |       |   |                     |   |       |                     | 
|Net inventory                     |  | $               | 552.3 |   |                     | $ | 531.8 |                     |  | $ | 516.1 |  
|                                  |  |                 |       |   |                     |   |       |                     | 






|    |                                                                                                                                                                                                                                                                                                                                        
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Amounts are different from those disclosed in our 2004 Annual
    Report due to the reclassification of store operating supplies
    in the amount of approximately $6.6 million as of
    January 30, 2005 and approximately $6.7 million as of
    February 1, 2004 as discussed in Note 1 of the Notes
    to Consolidated Financial

8



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##### Table of Contents



CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Statements in this Form 10-Q. In addition, FIFO cost,
    capitalized administration and overhead costs and vendor
    allowance amounts have been revised from those previously
    reported in our 2004 Annual Report to reflect the correct
    balances for capitalized administrative and overhead costs and
    vendor allowances. The net effect of the correction was a
    $1.0 million reduction in FIFO cost which was recorded in
    cost of sales in the first quarter of fiscal 2005.



|         |                    
|-------- | -------------------
|Note 4  | Store Closing Costs









9



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|                            |                                          |                          |       |        |        |  
|--------------------------- | ---------------------------------------- | ------------------------ | ----- | ------ | ------ | -
|Balance, beginning of year  |                                          | $                        | 7,883 |       
|Store closing costs:        |                                          |                          |       |       
|                            | Provision for store closing costs        |                          |       | 99     |       
|                            | Revisions in estimates                   |                          |       | 289    |       
|                            | Accretion                                |                          |       | 210    |       
|                            | Operating expenses and other             |                          |       | 371    |       
|                            |                                          |                          |      
|                            |                                          | Store closing costs, net |       |        | 969    |  
|                            |                                          |                          |      
|Payments:                   |                                          |                          |       |       
|                            | Rent expense, net of sublease recoveries |                          |       | (1,178 | )     
|                            | Occupancy and other expenses             |                          |       | (418   | )     
|                            | Sublease commissions and buyouts         |                          |       | (362   | )     
|                            |                                          |                          |      
|                            |                                          | Total payments           |       |        | (1,958 | )
|                            |                                          |                          |      
|Balance as of July 31, 2005 |                                          | $                        | 6,894 |       
|                            |                                          |                          |      





|         |               
|-------- | --------------
|Note 5  | Long Term Debt



| |                    
| | -------------------
| | Recent Transactions





10



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)








| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | During any fiscal quarter (and only during that fiscal quarter)
    commencing after July 31, 2005, if the last reported sale
    price of CSK Auto Corporations common stock is greater
    than or equal to 130% of the exchange price (or approximately
    $30.02 per share) for at least 20 trading days in the
    period of 30 consecutive trading days ending on the last trading
    day of the preceding fiscal quarter;
|
| |  | If the Senior Notes have been called for redemption by
    Auto; or                                                                                                                                                                                                                                                                                                                                                                
|
| |  | Upon the occurrence of specified corporate transactions, such as
    a change in control, as described in the indenture governing the
    Senior Notes.                                                                                                                                                                                                                                                                            









11



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)










12



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|                                                      |                      |          |         |         |             |   |         |         | 
|----------------------------------------------------- | -------------------- | -------- | ------- | ------- | ----------- | - | ------- | ------- | 
|                                                      |                      | July 31, |         |         | January 30, |  
|                                                      |                      | 2005     |         |         | 2005        |  
|                                                      |                      |          |         |         |             |  
|Senior credit facility                                |                      | $        | 79,000  |         |             | $ | 252,450 |        
|7% senior subordinated notes                          |                      |          | 220,055 |         |             |   | 220,519 |        
|Exchangeable senior notes                             |                      |          | 110,000 |         |             |   |        |        
|Seller financing arrangements                         |                      |          | 8,726   |         |             |   | 7,417   |        
|                                                      |                      |          |         |         |             |  
|Total debt                                            |                      |          | 417,781 |         |             |   | 480,386 |        
|                                                      |                      |          |         |         |             |  
|Less: Current maturities under senior credit facility |                      |          |        |         |             |   | 2,550   |        
|Current portion of seller
    financing arrangements  |                      |          | 341     |         |             |   | 268     |        
|                                                      |                      |          |         |         |             |  
|                                                      | Total long-term debt |          | $       | 417,440 |             |   | $       | 477,568 | 
|                                                      |                      |          |         |         |             |  





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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|         |                   
|-------- | ------------------
|Note 6  | Earnings Per Share



|                                              |                                               |                      |   |        |                        |  |   |               |  |  |                |        |  |  |   |        | 
|--------------------------------------------- | --------------------------------------------- | -------------------- | - | ------ | ---------------------- |  | - | ------------- |  |  | -------------- | ------ |  |  | - | ------ | 
|                                              |                                               | Thirteen Weeks Ended |   |        | Twenty-six Weeks Ended | 
|                                              |                                               |                      |   |        |                        | 
|                                              |                                               | July 31, 2005        |   |        | August 1, 2004         |  |   | July 31, 2005 |  |  | August 1, 2004 |       
|                                              |                                               |                      |   |        |                        |  |   |               |  |  |                |       
|Numerator for basic and diluted EPS:          |                                               |                      |   |        |                        |  |   |               |  |  |                |        |  |  |   |       
|                                              | Net income                                    |                      | $ | 13,058 |                        |  | $ | 15,264        |  |  | $              | 21,103 |  |  | $ | 28,079 | 
|                                              |                                               |                      |   |        |                        |  |   |               |  |  |                |       
|Denominator for basic EPS:                    |                                               |                      |   |        |                        |  |   |               |  |  |                |        |  |  |   |       
|                                              | Weighted average shares outstanding (basic)   |                      |   | 45,135 |                        |  |   | 46,184        |  |  |                | 45,133 |  |  |   | 46,349 | 
|                                              |                                               |                      |   |        |                        |  |   |               |  |  |                |       
|Denominator for diluted EPS:                  |                                               |                      |   |        |                        |  |   |               |  |  |                |        |  |  |   |       
|                                              | Weighted average shares outstanding (basic)   |                      |   | 45,135 |                        |  |   | 46,184        |  |  |                | 45,133 |  |  |   | 46,349 | 
|                                              | Effect of dilutive securities:                |                      |   | 404    |                        |  |   | 282           |  |  |                | 381    |  |  |   | 326    | 
|                                              |                                               |                      |   |        |                        |  |   |               |  |  |                |       
|                                              | Weighted average shares outstanding (diluted) |                      |   | 45,539 |                        |  |   | 46,466        |  |  |                | 45,514 |  |  |   | 46,675 | 
|                                              |                                               |                      |   |        |                        |  |   |               |  |  |                |       
|Shares excluded as a result of anti-dilution: |                                               |                      |   |        |                        |  |   |               |  |  |                |        |  |  |   |       
|                                              | Stock options                                 |                      |   | 339    |                        |  |   | 473           |  |  |                | 379    |  |  |   | 375    | 



|         |                         
|-------- | ------------------------
|Note 7  | Stock Based Compensation



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|                                                                                                                                                   |             |                      |        |      |                        |   |        |               |  |   |                |      |  |   |        |      | 
|-------------------------------------------------------------------------------------------------------------------------------------------------- | ----------- | -------------------- | ------ | ---- | ---------------------- | - | ------ | ------------- |  | - | -------------- | ---- |  | - | ------ | ---- | 
|                                                                                                                                                   |             | Thirteen Weeks Ended |        |      | Twenty-six Weeks Ended |  
|                                                                                                                                                   |             |                      |        |      |                        |  
|                                                                                                                                                   |             | July 31, 2005        |        |      | August 1, 2004         |   |        | July 31, 2005 |  |   | August 1, 2004 |     
|                                                                                                                                                   |             |                      |        |      |                        |   |        |               |  |   |                |     
|Net income                                                                                                                                         |             | $                    | 13,058 |      |                        | $ | 15,264 |               |  | $ | 21,103         |      |  | $ | 28,079 |     
|Add: Stock-based employee compensation expense included in
    reported net income, net of related income taxes                                    |             |                      | 110    |      |                        |   |       |               |  |   | 216            |      |  |   |       |     
|Less: Total stock-based employee compensation expense determined
    under fair value based method for all awards, net of related
    income taxes |             |                      | (859   | )    |                        |   | (164   | )             |  |   | (1,673         | )    |  |   | (335   | )   
|                                                                                                                                                   |             |                      |        |      |                        |   |        |               |  |   |                |     
|Net income  pro forma                                                                                                                             |             | $                    | 12,309 |      |                        | $ | 15,100 |               |  | $ | 19,646         |      |  | $ | 27,774 |     
|                                                                                                                                                   |             |                      |        |      |                        |   |        |               |  |   |                |     
|Earnings per share  basic:                                                                                                                        |             |                      |        |      |                        |   |        |               |  |   |                |      |  |   |        |     
|                                                                                                                                                   | As reported |                      | $      | 0.29 |                        |   | $      | 0.33          |  |   | $              | 0.47 |  |   | $      | 0.61 | 
|                                                                                                                                                   | Pro forma   |                      | $      | 0.27 |                        |   | $      | 0.33          |  |   | $              | 0.44 |  |   | $      | 0.60 | 
|Earnings per share  diluted:                                                                                                                      |             |                      |        |      |                        |   |        |               |  |   |                |      |  |   |        |     
|                                                                                                                                                   | As reported |                      | $      | 0.29 |                        |   | $      | 0.33          |  |   | $              | 0.46 |  |   | $      | 0.60 | 
|                                                                                                                                                   | Pro forma   |                      | $      | 0.27 |                        |   | $      | 0.33          |  |   | $              | 0.43 |  |   | $      | 0.60 | 



|         |              
|-------- | -------------
|Note 8  | Legal Matters







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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)








16



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##### Table of Contents








|        |                                                                                          
|------- | -----------------------------------------------------------------------------------------
|Item 2. | Managements Discussion and Analysis of Financial
    Condition and Results of Operations

Overview














17



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##### Table of Contents



Results of Operations




|                             |  |                |       |   |                  |  |       |          |  |  |           |   |  |  |       |  
|---------------------------- |  | -------------- | ----- | - | ---------------- |  | ----- | -------- |  |  | --------- | - |  |  | ----- | -
|                             |  | Thirteen Weeks |       |   | Twenty-six Weeks | 
|                             |  | Ended          |       |   | Ended            | 
|                             |  |                |       |   |                  | 
|                             |  | July 31,       |       |   | August 1,        |  |       | July 31, |  |  | August 1, |  
|                             |  | 2005           |       |   | 2004             |  |       | 2005     |  |  | 2004      |  
|                             |  |                |       |   |                  |  |       |          |  |  |           |  
|Net sales                    |  |                | 100.0 | % |                  |  | 100.0 | %        |  |  | 100.0     | % |  |  | 100.0 | %
|Cost of sales                |  |                | 53.9  |   |                  |  | 52.6  |          |  |  | 54.3      |   |  |  | 52.5  |  
|                             |  |                |       |   |                  |  |       |          |  |  |           |  
|Gross profit                 |  |                | 46.1  |   |                  |  | 47.4  |          |  |  | 45.7      |   |  |  | 47.5  |  
|Operating and administrative |  |                | 38.4  |   |                  |  | 39.2  |          |  |  | 39.1      |   |  |  | 39.6  |  
|Store closing costs          |  |                | 0.2   |   |                  |  | 0.2   |          |  |  | 0.1       |   |  |  | 0.1   |  
|                             |  |                |       |   |                  |  |       |          |  |  |           |  
|Operating profit             |  |                | 7.5   |   |                  |  | 8.0   |          |  |  | 6.5       |   |  |  | 7.8   |  
|Interest expense             |  |                | 2.0   |   |                  |  | 1.9   |          |  |  | 2.1       |   |  |  | 2.1   |  
|Loss on debt retirement      |  |                | 0.4   |   |                  |  |      |          |  |  | 0.2       |   |  |  |      |  
|                             |  |                |       |   |                  |  |       |          |  |  |           |  
|Income before income taxes   |  |                | 5.1   |   |                  |  | 6.1   |          |  |  | 4.2       |   |  |  | 5.7   |  
|Income tax expense           |  |                | 2.0   |   |                  |  | 2.4   |          |  |  | 1.6       |   |  |  | 2.2   |  
|                             |  |                |       |   |                  |  |       |          |  |  |           |  
|Net income                   |  |                | 3.1   | % |                  |  | 3.7   | %        |  |  | 2.6       | % |  |  | 3.5   | %

Thirteen Weeks Ended July 31, 2005 Compared to Thirteen
Weeks Ended August 1, 2004














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Twenty-six Weeks Ended July 31, 2005 Compared to
Twenty-six Weeks Ended August 1, 2004
















Liquidity and Capital Resources




| |                    
| | -------------------
| | Recent Transactions



19



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##### Table of Contents











| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | During any fiscal quarter (and only during that fiscal quarter)
    commencing after July 31, 2005, if the last reported sale
    price of CSK Auto Corporations common stock is greater
    than or equal to 130% of the exchange price (or approximately
    $30.02 per share) for at least 20 trading days in the
    period of 30 consecutive trading days ending on the last trading
    day of the preceding fiscal quarter;
|
| |  | If the Senior Notes have been called for redemption by
    Auto; or                                                                                                                                                                                                                                                                                                                                                                
|
| |  | Upon the occurrence of specified corporate transactions, such as
    a change in control, as described in the indenture governing the
    Senior Notes.                                                                                                                                                                                                                                                                            







20



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##### Table of Contents











21



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Overview of Liquidity


|                                            |  |                  |         |  |             |   |         | 
|------------------------------------------- |  | ---------------- | ------- |  | ----------- | - | ------- | 
|                                            |  | July 31,         |         |  | January 30, |  
|                                            |  | 2005             |         |  | 2005        |  
|                                            |  |                  |         |  |             |  
|                                            |  | ($ in thousands) |        
|Cash                                        |  | $                | 18,748  |  |             | $ | 56,548  | 
|Availability under revolving line of credit |  | $                | 137,627 |  |             | $ | 114,035 | 
|Working capital                             |  | $                | 374,950 |  |             | $ | 447,798 | 









|                               |  |                             |           |  |         |   |        |           |  |   |           |  |  |            |         |  |  |   |         | 
|------------------------------ |  | --------------------------- | --------- |  | ------- | - | ------ | --------- |  | - | --------- |  |  | ---------- | ------- |  |  | - | ------- | 
|                               |  | Payments Due by Fiscal Year |          
|                               |  |                             |          
|Contractual Obligation         |  | Total                       |           |  | 2005(1) |   |        | 2006-2007 |  |   | 2008-2009 |  |  | Thereafter |        
|                               |  |                             |           |  |         |   |        |           |  |   |           |  |  |            |        
|Long-term debt(2)              |  | $                           | 422,726   |  |         | $ | 159    |           |  | $ | 901       |  |  | $          | 933     |  |  | $ | 420,733 | 
|Interest on long-term debt(2)  |  |                             | 186,193   |  |         |   | 12,662 |           |  |   | 50,423    |  |  |            | 50,024  |  |  |   | 73,084  | 
|Capital lease obligations      |  |                             | 15,029    |  |         |   | 3,250  |           |  |   | 8,717     |  |  |            | 1,731   |  |  |   | 1,331   | 
|Operating lease obligations(3) |  |                             | 697,283   |  |         |   | 64,976 |           |  |   | 227,940   |  |  |            | 155,111 |  |  |   | 249,256 | 
|Other(4)                       |  |                             | 86,751    |  |         |   | 9,368  |           |  |   | 37,470    |  |  |            | 37,470  |  |  |   | 2,443   | 
|                               |  |                             |           |  |         |   |        |           |  |   |           |  |  |            |        
|Total contractual obligations  |  | $                           | 1,407,982 |  |         | $ | 90,415 |           |  | $ | 325,451   |  |  | $          | 245,269 |  |  | $ | 746,847 | 
|                               |  |                             |           |  |         |   |        |           |  |   |           |  |  |            |        






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Represents the period from August 1, 2005 to
    January 29, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   
|(2) | Changed from our 2004 Annual Report due primarily to our 2005
    Refinancing. Interest on our new exchangeable Senior Notes was
    calculated for five years only. Our $110.0 million Senior
    Notes were assumed to be redeemed in cash in August 2010. Our
    $79.0 million revolver balance outstanding as of
    July 31, 2005 was assumed to be outstanding until the July
    2010 termination date of the new senior credit facility.
    Interest on the revolver balance was calculated at the current
    rate of 5.00%.
|   
|(3) | Operating lease obligations are not reduced to reflect sublease
    income. Changes from our 2004 Annual Report due primarily to new
    stores and lease extensions.                                                                                                                                                                                                                                                                                                                                                                  
|   
|(4) | Includes service contracts and building mortgages on leased
    property.                                                                                                                                                                                                                                                                                                                                                                                                                                                              

22



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Analysis of Cash Flows








Store Closures










23



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##### Table of Contents





|                            |                                          |                          |       |        |        |  
|--------------------------- | ---------------------------------------- | ------------------------ | ----- | ------ | ------ | -
|Balance, beginning of year  |                                          | $                        | 7,883 |       
|Store closing costs:        |                                          |                          |       |       
|                            | Provision for store closing costs        |                          |       | 99     |       
|                            | Revisions in estimates                   |                          |       | 289    |       
|                            | Accretion                                |                          |       | 210    |       
|                            | Operating expenses and other             |                          |       | 371    |       
|                            |                                          |                          |      
|                            |                                          | Store closing costs, net |       |        | 969    |  
|                            |                                          |                          |      
|Payments:                   |                                          |                          |       |       
|                            | Rent expense, net of sublease recoveries |                          |       | (1,178 | )     
|                            | Occupancy and other expenses             |                          |       | (418   | )     
|                            | Sublease commissions and buyouts         |                          |       | (362   | )     
|                            |                                          |                          |      
|                            |                                          | Total payments           |       |        | (1,958 | )
|                            |                                          |                          |      
|Balance as of July 31, 2005 |                                          | $                        | 6,894 |       
|                            |                                          |                          |      



Factors Affecting Liquidity and Capital Resources




| |             
| | ------------
| | Sales Trends



Inflation




Debt Covenants




24



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##### Table of Contents





Interest Rates






Critical Accounting Matters




Recent Accounting Pronouncements








25



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##### Table of Contents







Forward-looking Statements









|        |                                                               
|------- | --------------------------------------------------------------
|Item 3. | Quantitative and Qualitative Disclosures about Market
    Risk








|        |                        
|------- | -----------------------
|Item 4. | Controls and Procedures

Evaluation of Effectiveness of Disclosure Controls and
Procedures








| |   |                                                                                                                                          
| | - | -----------------------------------------------------------------------------------------------------------------------------------------
| |  | Formal accounting review of each new or amended lease and
    related reports and summaries by management level accounting
    personnel;

26



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##### Table of Contents





| |   |                                                                                                                                                                                                                                                                                   
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Implementation of additional processes and procedures to enhance
    communication between our real estate and property management
    areas and accounting personnel concerning various aspects of the
    Companys lease transactions that impact our lease
    accounting; and
|
| |  | Implementation of additional review procedures surrounding our
    internal tracking and reporting of our lease agreements and
    related documentation by key accounting personnel.                                                                                             







Changes in Internal Control over Financial Reporting




27



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##### Table of Contents






PART II


OTHER INFORMATION







|        |                  
|------- | -----------------
|Item 1. | Legal Proceedings











28



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|        |                                                                                                     
|------- | ----------------------------------------------------------------------------------------------------
|Item 2. | Unregistered Sales of Securities and Use of Proceeds and
    Issuer Repurchases of Equity Securities

|                              |  |                                         |           |  |          |   |       |                     |  |  |                  |     |  |   |   | 
|----------------------------- |  | --------------------------------------- | --------- |  | -------- | - | ----- | ------------------- |  |  | ---------------- | --- |  | - | - | 
|                              |  | Issuer Repurchases of Equity Securities |          
|                              |  |                                         |          
|                              |  | Total                                   |           |  | Average  |   |       | Total Number of     |  |  | Dollar Value of  |    
|                              |  | Number                                  |           |  | Price    |   |       | Shares Purchased    |  |  | Shares That May  |    
|                              |  | of Shares                               |           |  | Paid per |   |       | as Part of Publicly |  |  | yet Be Purchased |    
|Period                        |  | Purchased                               |           |  | Share    |   |       | Announced Plans     |  |  | Under the Plan   |    
|                              |  |                                         |           |  |          |   |       |                     |  |  |                  |    
|May 2, 2005 to May 29, 2005   |  |                                         |          |  |          | $ |      |                     |  |  |                 |     |  | $ |  | 
|May 30, 2005 to July 3, 2005  |  |                                         |          |  |          |   |      |                     |  |  |                 |     |  |   |  | 
|July 3, 2005 to July 31, 2005 |  |                                         | 1,409,300 |  |          |   | 17.76 |                     |  |  | 1,409,300        | (1) |  |   | 0 | 
|                              |  |                                         |           |  |          |   |       |                     |  |  |                  |    
|As of July 31, 2005           |  |                                         | 1,409,300 |  |          | $ | 17.76 |                     |  |  | 1,409,300        |     |  | $ | 0 | 






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | On July 25, 2005, we announced a share repurchase program
    for the purchase of up to $25.0 million (aggregate purchase
    price) of our common stock in connection with our 2005
    Refinancing (discussed above). The aggregate purchase price of
    shares purchased under this program inadvertently exceeded the
    initial program amount by $29,168. This overage was later
    ratified by our Board of Directors. We do not intend to make any
    further purchases under this program.








|        |                                                    
|------- | ---------------------------------------------------
|Item 4. | Submission of Matters to a Vote of Security Holders





| |                                                                                                                                               
| | ----------------------------------------------------------------------------------------------------------------------------------------------
| | I. Stockholders elected seven directors to serve until our
    2006 Annual Meeting of the Stockholders. The stockholders voted
    as follows:

|                       |  |           |            |  |          |  |           | 
|---------------------- |  | --------- | ---------- |  | -------- |  | --------- | 
|Directors              |  | Votes For |            |  | Withheld | 
|                       |  |           |            |  |          | 
|Maynard L. Jenkins Jr. |  |           | 36,930,932 |  |          |  | 4,571,581 | 
|James G. Bazlen        |  |           | 36,928,402 |  |          |  | 4,574,111 | 
|Morton Godlas          |  |           | 41,453,954 |  |          |  | 48,559    | 
|Terilyn A. Henderson   |  |           | 41,453,994 |  |          |  | 48,519    | 
|Charles K. Marquis     |  |           | 41,453,994 |  |          |  | 48,519    | 
|Charles J. Philippin   |  |           | 41,453,994 |  |          |  | 48,519    | 
|William A. Shutzer     |  |           | 36,052,567 |  |          |  | 5,449,946 | 





| |                                                                                                                                                                                                                         
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | II. Stockholders ratified the appointment of
    PricewaterhouseCoopers LLP as our independent registered public
    accounting firm for the fiscal year ending January 29,
    2006. The stockholders voted as follows:

|                |  |  |                    |  |  |  |                |  |  |  |                    | 
|--------------- |  |  | ------------------ |  |  |  | -------------- |  |  |  | ------------------ | 
|For: 37,041,889 |  |  | Against: 4,459,347 |  |  |  | Abstain: 1,277 |  |  |  | Broker non-vote: 0 | 

29



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|        |         
|------- | --------
|Item 6. | Exhibits



| |    |       |  |                                                                                                                                                                                                                                                                                                                                                            
| | -- | ----- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 3  | .01   |  | Restated Certificate of Incorporation of the Company,
    incorporated herein by reference to Exhibit 3.01 of our
    Annual Report on Form 10-K, filed on May 4, 1998 (File
    No. 001-13927).                                                                                                                                                           
| | 3  | .02   |  | Certificate of Correction to the Restated Certificate of
    Incorporation of the Company, incorporated herein by reference
    to Exhibit 3.02 of our Annual Report on Form 10-K,
    filed on May 4, 1998 (File No. 001-13927).                                                                                                                          
| | 3  | .03   |  | Certificate of Amendment to the Restated Certificate of
    Incorporation of CSK Auto Corporation, incorporated herein by
    reference to Exhibit 3.02.1 of our Report on
    Form 10-Q, filed on September 18, 2002 (File No.
    001-13927).                                                                                                            
| | 3  | .04   |  | Amended and Restated By-laws of the Company, incorporated herein
    by reference to Exhibit 3.03 of our Annual Report on
    Form 10-K, filed on April 28, 1999 (File No.
    001-13927).                                                                                                                                                                 
| | 3  | .04.1 |  | First Amendment to Amended and Restated By-laws of the Company,
    incorporated herein by reference to Exhibit 3.03.1 of our
    annual report on Form 10-K, filed on May 1, 2001 (File
    No. 001-13927).                                                                                                                                               
| | 3  | .04.2 |  | Second Amendment to Amended and Restated By-laws of the Company,
    incorporated herein by reference to Exhibit 3.03.2 of our
    Current Report on Form 10-Q, filed on June 14, 2004
    (File No. 001-13927).                                                                                                                                           
| | 4  | .01   |  | Form of Common Stock certificate, incorporated herein by
    reference to our Registration Statement on Form S-1/A,
    filed on March 3, 1998 (File No. 333-43211).                                                                                                                                                                                       
| | 4  | .02   |  | Indenture dated January 16, 2004, by and among CSK Auto,
    Inc., CSK Auto Corporation, Automotive Information Systems, Inc.
    and CSKAUTO.COM, Inc. as guarantors, and the Bank of New York,
    as Trustee, incorporated herein by reference to
    Exhibit 99.3 of our Current Report on Form 8-K filed
    on January 20, 2004 (File No. 001-13927).
| | 4  | .03   |  | Indenture, dated as of July 29, 2005, among CSK Auto, Inc.,
    CSK Auto Corporation, CSKAUTO.COM, Inc. and The Bank of New York
    Trust Company, N.A., as trustee (including form of note),
    incorporated herein by reference to Exhibit 4.1 of our
    Current Report on Form 8-K, filed on July 29, 2005
    (File No. 001-13927).                 
| | 10 | .01   |  | Second Amended and Restated Credit Agreement, dated
    July 25, 2005, among CSK Auto, Inc., the lenders from time
    to time parties thereto and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.1 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).        
| | 10 | .02   |  | Amended and Restated Guarantee and Collateral Agreement, dated
    July 29, 2005, among CSK Auto, Inc., CSKAUTO.COM, Inc. CSK
    Auto Corporation, and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.2 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).   
| | 10 | .03   |  | Registration Rights Agreement, dated July 29, 2005, among
    CSK Auto, Inc., CSK Auto Corporation, CSKAUTO.COM, Inc. and the
    initial purchasers listed therein, incorporated herein by
    reference to Exhibit 10.3 of our Current Report on
    Form 8-K, filed on July 29, 2005 (File No. 001-13927).                                              
| | 31 | .1    |  | Certification by the Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                
| | 31 | .2    |  | Certification by the Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                
| | 32 | .0    |  | Certification by the Chief Executive Officer and Chief Financial
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                 

30



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SIGNATURE






| |     |                  
| | --- | -----------------
| | By: | /s/ DON W. WATSON

| |                            
| | ---------------------------
| |                            
| | Don W. Watson              
| | Chief Financial Officer    
| | and Duly Authorized Officer



31



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##### Table of Contents



EXHIBIT INDEX


|        |    |             |  |                                                                                                                                                                                                                                                                                                                                                            
|------- | -- | ----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |            
|Number  |    | Description
|        |    |            
|        | 3  | .01         |  | Restated Certificate of Incorporation of the Company,
    incorporated herein by reference to Exhibit 3.01 of our
    Annual Report on Form 10-K, filed on May 4, 1998 (File
    No. 001-13927).                                                                                                                                                           
|        | 3  | .02         |  | Certificate of Correction to the Restated Certificate of
    Incorporation of the Company, incorporated herein by reference
    to Exhibit 3.02 of our Annual Report on Form 10-K,
    filed on May 4, 1998 (File No. 001-13927).                                                                                                                          
|        | 3  | .03         |  | Certificate of Amendment to the Restated Certificate of
    Incorporation of CSK Auto Corporation, incorporated herein by
    reference to Exhibit 3.02.1 of our Report on
    Form 10-Q, filed on September 18, 2002 (File No.
    001-13927).                                                                                                            
|        | 3  | .04         |  | Amended and Restated By-laws of the Company, incorporated herein
    by reference to Exhibit 3.03 of our Annual Report on
    Form 10-K, filed on April 28, 1999 (File No.
    001-13927).                                                                                                                                                                 
|        | 3  | .04.1       |  | First Amendment to Amended and Restated By-laws of the Company,
    incorporated herein by reference to Exhibit 3.03.1 of our
    annual report on Form 10-K, filed on May 1, 2001 (File
    No. 001-13927).                                                                                                                                               
|        | 3  | .04.2       |  | Second Amendment to Amended and Restated By-laws of the Company,
    incorporated herein by reference to Exhibit 3.03.2 of our
    Current Report on Form 10-Q, filed on June 14, 2004
    (File No. 001-13927).                                                                                                                                           
|        | 4  | .01         |  | Form of Common Stock certificate, incorporated herein by
    reference to our Registration Statement on Form S-1/A,
    filed on March 3, 1998 (File No. 333-43211).                                                                                                                                                                                       
|        | 4  | .02         |  | Indenture dated January 16, 2004, by and among CSK Auto,
    Inc., CSK Auto Corporation, Automotive Information Systems, Inc.
    and CSKAUTO.COM, Inc. as guarantors, and the Bank of New York,
    as Trustee, incorporated herein by reference to
    Exhibit 99.3 of our Current Report on Form 8-K filed
    on January 20, 2004 (File No. 001-13927).
|        | 4  | .03         |  | Indenture, dated as of July 29, 2005, among CSK Auto, Inc.,
    CSK Auto Corporation, CSKAUTO.COM, Inc. and The Bank of New York
    Trust Company, N.A., as trustee (including form of note),
    incorporated herein by reference to Exhibit 4.1 of our
    Current Report on Form 8-K, filed on July 29, 2005
    (File No. 001-13927).                 
|        | 10 | .01         |  | Second Amended and Restated Credit Agreement, dated
    July 25, 2005, among CSK Auto, Inc., the lenders from time
    to time parties thereto and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.1 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).        
|        | 10 | .02         |  | Amended and Restated Guarantee and Collateral Agreement, dated
    July 29, 2005, among CSK Auto, Inc., CSKAUTO.COM, Inc. CSK
    Auto Corporation, and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.2 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).   
|        | 10 | .03         |  | Registration Rights Agreement, dated July 29, 2005, among
    CSK Auto, Inc., CSK Auto Corporation, CSKAUTO.COM, Inc. and the
    initial purchasers listed therein, incorporated herein by
    reference to Exhibit 10.3 of our Current Report on
    Form 8-K, filed on July 29, 2005 (File No. 001-13927).                                              
|        | 31 | .1          |  | Certification by the Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                
|        | 31 | .2          |  | Certification by the Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                
|        | 32 | .0          |  | Certification by the Chief Executive Officer and Chief Financial
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.